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The power of financial education
kasibitta
#571 Posted : Wednesday, July 23, 2014 3:26:17 PM
Rank: Member

Joined: 2/7/2014
Posts: 155
You would make a perfect teacher
zakayoo
#572 Posted : Wednesday, July 23, 2014 3:29:13 PM
Rank: New-farer

Joined: 6/27/2014
Posts: 19
Location: kenya
hey guys i know this place at city standium it called agro owned by mhindi,my question is was mhindi gave him bad engine or the workers replaced with bad engine,iwant to get into this business and will apprenciate my email cathywagi13@yahoo.com.thankx
Mukiri
#573 Posted : Wednesday, July 23, 2014 11:09:24 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
I'm the one who askedsmile Seeing as it is that you are real estate mbiachara.

Proverbs 19:21
Marty
#574 Posted : Friday, July 25, 2014 2:41:16 PM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
The Storyteller


Proverbs 18: 21; The tongue has the power of life and death, and those who love it will eat its fruit.

Tell me your story…….

He is probably one of the biggest estate developers in Kenya. He inspires me and I admire his ways. Success is written all over his life. He once gave me his compelling story, a classic from rags to riches story.

An architect by profession, he set out to venture into the estate developers’ world. A practicing architect without a penny but with a big dream. He approached a land owner and sold the idea of a joint venture. He created the concept; high end residential estate in a serene environment approx. 10km from Nairobi’s CBD. It is never easy to convince these old Wazee to get into such ventures but with a sweet tongue he convinced this old man.

Next stop was the bank. He sat down with the credit officer and took him through the concept. The officer gave him a long list of requirements including what they call developer’s equity; capital investment he ought to bring forth and the bank to finance the rest. Of course he never had a penny and so the officer dismissed him. Bank 2, 3 ,4 and 5 same story till he almost gave up. Then someone told him to visit one of the so called ‘small banks’ and some guy with some huge targets to meet somehow bought his story and convinced the manager that his idea was worth the risk and a try. So he finally nailed the financing and delivered his maiden project; quite successful it was. They say the rest is history. As we speak he does projects worth billions.

He believed in his dream. He told his story in a compelling way. As we speak, banks are all over him to finance his ventures. Infact, he one day forced one of the big banks to write him an apology having dismissed him when he really needed financing. You can imagine a bank apologizing to an individual. He is worth so much and the banks know it. He really values the partnership with the so called small bank. A valued friend; like the one my dad used to tell me about; one who made him one day slaughter a hen which was in the process of incubating eggs; quite a sacrifice for any farmer.

The Storyteller element invokes excitement in others when conveying the dream. He knows that without encouragement and excitement no dream has a chance to become reality. He begins to "speak" the dream or to "sing" the song. The Storyteller in essence represents life and is where The Dreamer and The Thinker find voice.
Back to Otieno. So sad to say that his dream died and he recoiled to working in a welding workshop as an employee. This was after all his comfort zone. The owner of the workshop will deal with the business issues and him he will do what he is best at; manufacturing the nice products. In short, his business idea died and Otieno boomeranged to the technician mode….he froze to his shell of comfort.

He failed in many areas but one key one is the Leader element; the executor of the dream. We will look at the leader element in the next post.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
mawinder
#575 Posted : Friday, July 25, 2014 3:00:04 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Marty wrote:
The Storyteller


Proverbs 18: 21; The tongue has the power of life and death, and those who love it will eat its fruit.

Tell me your story…….

He is probably one of the biggest estate developers in Kenya. He inspires me and I admire his ways. Success is written all over his life. He once gave me his compelling story, a classic from rags to riches story.

An architect by profession, he set out to venture into the estate developers’ world. A practicing architect without a penny but with a big dream. He approached a land owner and sold the idea of a joint venture. He created the concept; high end residential estate in a serene environment approx. 10km from Nairobi’s CBD. It is never easy to convince these old Wazee to get into such ventures but with a sweet tongue he convinced this old man.

Next stop was the bank. He sat down with the credit officer and took him through the concept. The officer gave him a long list of requirements including what they call developer’s equity; capital investment he ought to bring forth and the bank to finance the rest. Of course he never had a penny and so the officer dismissed him. Bank 2, 3 ,4 and 5 same story till he almost gave up. Then someone told him to visit one of the so called ‘small banks’ and some guy with some huge targets to meet somehow bought his story and convinced the manager that his idea was worth the risk and a try. So he finally nailed the financing and delivered his maiden project; quite successful it was. They say the rest is history. As we speak he does projects worth billions.

He believed in his dream. He told his story in a compelling way. As we speak, banks are all over him to finance his ventures. Infact, he one day forced one of the big banks to write him an apology having dismissed him when he really needed financing. You can imagine a bank apologizing to an individual. He is worth so much and the banks know it. He really values the partnership with the so called small bank. A valued friend; like the one my dad used to tell me about; one who made him one day slaughter a hen which was in the process of incubating eggs; quite a sacrifice for any farmer.

The Storyteller element invokes excitement in others when conveying the dream. He knows that without encouragement and excitement no dream has a chance to become reality. He begins to "speak" the dream or to "sing" the song. The Storyteller in essence represents life and is where The Dreamer and The Thinker find voice.
Back to Otieno. So sad to say that his dream died and he recoiled to working in a welding workshop as an employee. This was after all his comfort zone. The owner of the workshop will deal with the business issues and him he will do what he is best at; manufacturing the nice products. In short, his business idea died and Otieno boomeranged to the technician mode….he froze to his shell of comfort.

He failed in many areas but one key one is the Leader element; the executor of the dream. We will look at the leader element in the next post.

Quite an inspiring story about your friend.I guess among his first ventures is an estate near Gachie
kyt
#576 Posted : Saturday, July 26, 2014 6:31:48 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
mawinder wrote:
Marty wrote:
The Storyteller


Proverbs 18: 21; The tongue has the power of life and death, and those who love it will eat its fruit.

Tell me your story…….

He is probably one of the biggest estate developers in Kenya. He inspires me and I admire his ways. Success is written all over his life. He once gave me his compelling story, a classic from rags to riches story.

An architect by profession, he set out to venture into the estate developers’ world. A practicing architect without a penny but with a big dream. He approached a land owner and sold the idea of a joint venture. He created the concept; high end residential estate in a serene environment approx. 10km from Nairobi’s CBD. It is never easy to convince these old Wazee to get into such ventures but with a sweet tongue he convinced this old man.

Next stop was the bank. He sat down with the credit officer and took him through the concept. The officer gave him a long list of requirements including what they call developer’s equity; capital investment he ought to bring forth and the bank to finance the rest. Of course he never had a penny and so the officer dismissed him. Bank 2, 3 ,4 and 5 same story till he almost gave up. Then someone told him to visit one of the so called ‘small banks’ and some guy with some huge targets to meet somehow bought his story and convinced the manager that his idea was worth the risk and a try. So he finally nailed the financing and delivered his maiden project; quite successful it was. They say the rest is history. As we speak he does projects worth billions.

He believed in his dream. He told his story in a compelling way. As we speak, banks are all over him to finance his ventures. Infact, he one day forced one of the big banks to write him an apology having dismissed him when he really needed financing. You can imagine a bank apologizing to an individual. He is worth so much and the banks know it. He really values the partnership with the so called small bank. A valued friend; like the one my dad used to tell me about; one who made him one day slaughter a hen which was in the process of incubating eggs; quite a sacrifice for any farmer.

The Storyteller element invokes excitement in others when conveying the dream. He knows that without encouragement and excitement no dream has a chance to become reality. He begins to "speak" the dream or to "sing" the song. The Storyteller in essence represents life and is where The Dreamer and The Thinker find voice.
Back to Otieno. So sad to say that his dream died and he recoiled to working in a welding workshop as an employee. This was after all his comfort zone. The owner of the workshop will deal with the business issues and him he will do what he is best at; manufacturing the nice products. In short, his business idea died and Otieno boomeranged to the technician mode….he froze to his shell of comfort.

He failed in many areas but one key one is the Leader element; the executor of the dream. We will look at the leader element in the next post.

Quite an inspiring story about your friend.I guess among his first ventures is an estate near Gachie

Laughing out loudly
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
Edyj
#577 Posted : Sunday, July 27, 2014 10:06:10 AM
Rank: Member

Joined: 6/15/2010
Posts: 126
Very educative and inspiring thread
"The trouble with not having a goal is that you can spend your life running up and down the field and never score". - Bill Copeland

Thiong'o
#578 Posted : Thursday, August 07, 2014 3:38:13 PM
Rank: Member

Joined: 10/14/2011
Posts: 661
How Financially Healthy Are You? Find Out Using 4 Ratios

1. Monthly Surplus/Monthly Income
2. Cash and Liquid Assets/Monthly Expenses
3. Cash and Liquid Assets/Net Worth
4. Monthly Debt/Monthly Income
http://wallstcheatsheet....ut-using-4-ratios.html/
Thiong'o
#579 Posted : Thursday, August 07, 2014 5:04:54 PM
Rank: Member

Joined: 10/14/2011
Posts: 661
How to retire early while everyone else toils at work
Planning, and lots of it, is required to leave work before official retirement age.
1. Find work with good benefits. "
2. Be a prudent investor.
3. So ... diversify your accounts.
4. Cover health costs.
5. Talk to your loved ones.
http://www.usatoday.com/...-retire-early/13678931/
FRM2011
#580 Posted : Monday, August 11, 2014 1:31:25 PM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
@Marty, great stuff.

As you prepare the next lesson, kindly say something about guys who invest millions and forget to take care of the most important aspect of the business I.e. customers.

An example will suffice; I once went to a fast food restaurant selling chips and chicken. I was pleasantly surprised that the quality of their chicken could rival Galitos. And this was a locally owned outfit. So next time I convinced my clan that we can support a local brand and we went there. It was a sad story. We had to leave half of the food on the table. Two customers were at the counter demanding a refund.

Someone has put up a very classy and elegant barbershop in my neighbourhood. I decided to try it at the expense of my usual place. Another sad story. Pathetic service, with the lady in charge shouting at her subordinates in a very demeaning way. I ain't going back there. But I really feel for the hapless investor who has put in so much money in the venture.
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